US Industry Metrics

Adrienne Blume, Managing Editor In the US, Henry Hub natural gas spot prices increased sharply in June and July from suppressed levels earlier in the 2Q, as domestic production decreased slightly. However, natural gas storage inventories were at an all-time high of 2,480 Bcf at the beginning of the injection season on April 1. Inventories  were still at record levels as of early September, despite a summer heat wave over a large portion of the US that led to higher power burn. Meanwhile, output of NGL slid in July from record-high levels in May, as gas processing plants marginally curbed production. GP US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvie